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AI brief of an SEC Form 8-K · REDWOOD TRUST INC (RWT)

Redwood Trust posts $0.39 per share Q3 loss as book value falls to $6.56

Negative Impact 4 of 5 earnings Written later

Redwood Trust reported a third-quarter 2026 GAAP net loss related to common stockholders of $47.3 million, or $0.39 per basic share, compared with $2.9 million, or $0.03 per share, in the second quarter. GAAP book value per common share fell 4.9% to $6.56, and the company announced a planned transition to a C-corporation in 2027, which it expects to add $0.73 to $0.77 per share to GAAP book value in the fourth quarter of 2026.

Key points

  • Net loss related to common stockholders was $47.3 million ($0.39 per basic share) for Q3 2026, versus $2.9 million ($0.03 per share) in Q2 2026.
  • Non-GAAP Earnings Available for Distribution was $(0.02) per share, down from $0.15 in Q2 2026; Core Segments EAD was $0.18 per share, down from $0.25.
  • Unrestricted cash and cash equivalents were $201 million at September 30, 2026, and the non-GAAP recourse leverage ratio rose to 5.2x from 5.0x.
  • The company plans to transition to a C-corporation in 2027, with an expected initial increase of $0.73 to $0.77 per share in GAAP book value in Q4 2026.

The filing

CompanyREDWOOD TRUST INC (RWT)
Form8-K, current report
Filed with the SECNov 3, 2026, 4:15 PM ET
Accession number0000930236-26-000030

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.